The FICA Payroll Reduction Program.
How would you like a Huge Annual Tax Break with Savings of between $700 t0 $900 Per W2 Employee PLUS Additional Savings in Workers Comp Costs up to 30% ?
We would like to start by saying that this program does NOT affect your current Health Insurance plan for your employees in any way shape or form and is simply "In Addition". The Program is designed to give additional health coverage & services to your employees that your Primary Health Insurance does not provide at ZERO Net Cost to you and the employee. The reason the Government rolled out this program is that it reduces the amount they have to spend on healthcare dramatically.
1. This Program is tied directly to “The Affordable Care Act” and is at No Net Cost at all to you the employer OR your employees. The Program does not change or interfere with your current primary health Insurance already in place for your employees in any way. No changes to your current systems need to be made at all. It is a plug and play program!
2. You the employer save money in 3 ways that will be calculated in the proposal after the census is filled out.
a. FICA savings between $700 and $900 annually for each W2 Employee.
b. Additional Savings on employees with Self funded Insurance.
c. Additional Savings on Workers Compensation..
3. Who runs the Program? The Program is a Government Program that is made available through the "Affordable Care Act" designed to reduce the cost of money spent on Health Care to the Government. It is similar to the ERC Program everyone was paid on only this is an ongoing annual tax savings!
4. All Current Tax Laws are followed to the letter..
5. Finally here is a great article from the CPA Journal that answers 20 Common questions about establishing a health & wellness Program in the workplace